Corticeira Amorim SGPSHAM:AS4 +2.02%63 ROC (Joel Greenblatt) % is 11.17% as of Mar. 2026, which is 26% below its 10-year median of 15.10. GuruFocus rates HAM:AS4 with a GF Score™ of 63/100 and a GF Value™ of €7.63. The stock has 5 warning signs investors should review. Among 286 Forest Products companies, Corticeira Amorim SGPS ranks better than 71.68% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Corticeira Amorim SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.17%.
The historical rank and industry rank for Corticeira Amorim SGPS's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:AS4'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.39 Med: 15.1 Max: 31.1
Current: 9.41
During the past 13 years, Corticeira Amorim SGPS's highest ROC (Joel Greenblatt) % was 31.10%. The lowest was 9.39%. And the median was 15.10%.
HAM:AS4's ROC (Joel Greenblatt) % is ranked better than 71.68% of 286
companies
in the Forest Products industry
Industry Median: 4.585
vs HAM:AS4: 9.41
Corticeira Amorim SGPS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.70% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Corticeira Amorim SGPS ROC (Joel Greenblatt) % Related Terms
Corticeira Amorim SGPS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Corticeira Amorim SGPS's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:AS4 vs SSD, UFPI, BCC: ROC (Joel Greenblatt) % Comparison
For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Corticeira Amorim SGPS ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Corticeira Amorim SGPS's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 11.17% mean?
Corticeira Amorim SGPS (HAM:AS4) has a ROC (Joel Greenblatt) % of 11.17% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Corticeira Amorim SGPS and its competitors. This is 26% below median its historical median of 15.10. Over the past decade, Corticeira Amorim SGPS's ROC (Joel Greenblatt) % has ranged from 9.39 to 31.10. According to the industry distribution chart, Corticeira Amorim SGPS ranks #81 out of 286 companies in the Forest Products industry, placing it in the top 28.3%.
Is Corticeira Amorim SGPS's ROC (Joel Greenblatt) % too high?
Corticeira Amorim SGPS's current ROC (Joel Greenblatt) % of 11.17% is 26% below median its 10-year median of 15.10. Over the past 10 years, this metric has ranged from a low of 9.39 to a high of 31.10. The Forest Products industry median ROC (Joel Greenblatt) % is 4.59. Corticeira Amorim SGPS's value of 11.17% is 143.6% above this industry median. Based on the distribution chart, Corticeira Amorim SGPS ranks #81 out of 286 companies in the Forest Products industry, which is above the industry midpoint. Overall, Corticeira Amorim SGPS has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Corticeira Amorim SGPS's ROC (Joel Greenblatt) % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Corticeira Amorim SGPS ranks #81 out of 286 companies for ROC (Joel Greenblatt) %. This puts Corticeira Amorim SGPS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.59. Corticeira Amorim SGPS's value of 11.17% is 143.6% above this benchmark. Historically, Corticeira Amorim SGPS's own ROC (Joel Greenblatt) % has ranged from 9.39 to 31.10 over the past decade. While the company's 10-year median is 15.10 vs. the industry median of 4.59, Corticeira Amorim SGPS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.59, based on 286 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Corticeira Amorim SGPS's current ROC (Joel Greenblatt) % of 11.17% is 143.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Corticeira Amorim SGPS and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corticeira Amorim SGPS's current ROC (Joel Greenblatt) % is 11.17%, which is 26% below median its own 10-year median of 15.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corticeira Amorim SGPS stock overvalued right now?
Corticeira Amorim SGPS (HAM:AS4) has a current ROC (Joel Greenblatt) % of 11.17%. The stock's GF Value™ is €7.63, compared to a current price of €6.57 — trading 13.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.17%, which is 26% below median its 10-year median of 15.10 and 143.6% above the Forest Products industry median of 4.59. Corticeira Amorim SGPS's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Corticeira Amorim SGPS (HAM:AS4), the current ROC (Joel Greenblatt) % is 11.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Corticeira Amorim SGPS (HAM:AS4) Overvalued in 2026?
Based on GuruFocus' analysis, Corticeira Amorim SGPS stock appears to be undervalued.
The current stock price of €6.57 is trading 13.9% below its estimated GF Value™ of €7.63.
Key valuation signals for HAM:AS4:
ROC (Joel Greenblatt) %: 11.17% (26% below median its 10-year median of 15.10)
GF Value™: €7.63 vs. price of €6.57 (13.9% below fair value)
Industry Position: 143.6% above the Forest Products median (#81 of 286)
No single metric tells the full story. See the HAM:AS4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corticeira Amorim SGPS SA is mainly engaged in the acquisition and transformation of cork into a numerous set of cork and cork-related products, which are distributed through its network of sales companies. Its business units are Amorim Florestal, Amorim Cork, and Amorim Cork Solutions. It derives the majority of the revenue from Amorim Cork segment which produces different types of existing cork stoppers. The main markets are the bottling countries, from the traditional ones like France, Italy, Germany, Spain and Portugal, to the new markets like USA, Australia, Chile, South Africa and Argentina. Geographically, its operations are spread across EU, USA, Rest of America, Australasia, Portugal, Africa, and Rest of Europe.
63GF Score
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